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Technology Stocks : Micron Only Forum

MU 241.08

-6.7%

Dec 12 3:59 PM EST

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To: yard_man who wrote (35238)	6/18/1998 4:05:00 PM
From: ratan lal	Read Replies (3) of 53903

Its not twisted logic. Example I am in the computer biz. I know how to sell computers. You have computers you have not been able to sell and are willing to let go at a ridiculous price. Do I make a profit even tho you had a loss ?? OK more approp. example TXN is losing money in the dram plant. They have 1600 employees. They have high overhead. They built it for $600 mil. They want to get rid of it since they are losing $200 mil per year. MU comes in and buys for $200 mil stock. Lays off 800 people, has low overhead, runs the fab same as TXN did with 1600 people. PRofitable ?? If they did their calcs. I am sure. Is the plant now worth $600 mil?? Get an appraisal. If they say YES. put it in your balance sheet. Works for me. Thats a whole seperate biz. finding undervalued assets and making a profit. Happens in Real estate all the time.

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